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Reporters' Notebook; Behind the news with Crain's writers.(The Insider)(Developers Diversified Realty Corp.)(Cleveland: Confronting Decline in an American City- a documentary movie on Cleveland)(Fifth Third Bank's branch closure)
Crain's Cleveland Business, December, 2006
Ah, the allure of Eastern Europe * After investing in Puerto Rico and pitching a pending deal to go to Brazil, where does Developers Diversified Realty Corp. of Beachwood next plant its flag? Eastern Europe, perhaps? Developers Diversified signals interest in that direction as chairman and CEO Scott Wolstein points out in an interview in the November issue of Retail Traffic, a trade magazine, that the yields on new shopping center projects are highest in "Russia, Ukraine, Bulgaria, Romania and Turkey.'' Scott Schroeder, a Developers Diversified spokesman, confirmed that Mr.
Wolstein was quoted correctly but said the real estate investment trust will not comment further. "We are discussing international opportunities,'' Mr. Schroeder said. "We can't...
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